Elon Musk-Owned X's Rival Bluesky Valued At $700 Million After Explosive Growth Post Trump Victory: Report

Quick Summary:

What Happened: Bluesky is nearing a $700 million valuation in a new funding round led by Bain Capital Ventures, reported Business Insider, citing three sources familiar with the deal.

Bluesky, a social media platform rivaling Elon Musk's X, is reportedly approaching a valuation of $700 million.

Last year, Bluesky introduced several new features, such as hashtags, direct messaging, video sharing, and trending topics.

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Social Media News META Tech Benzinga neuro Media Consumer Tech Bluesky Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 10:00:22 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 351 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24973008

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